btc fell to $12776 follwing Nasdaq's sharp falling, but closed even(10/27)

in #btc4 years ago (edited)

Bitcoin, which started at $13,038 yesterday (10/26 00:00, UTC+0), hit a low of $12,776, peaked at $13,270, and closed at $13,069 (10/26 24:00, UTC+0). Bitcoin seemed to be heading upward at the beginning of the week, then fell to $12924 in medium-sized sell volumes at 08:15 and then rose to $13270 by the start of the NASDAQ at 13:30. After that, the Nasdaq plunged and fell to -2.8% for about four hours, and Bitcoin also followed it, falling more than $500 from its peak to $12755. As Nasdaq rebounded again, Bitcoin rebounded and ended at a 0.23% increase.

The Nasdaq fell sharply as soon as the market began, once falling to -2.8% and closed -1.6% down. The known reasons are that the agreement on fiscal stimulus measures continues to be delayed, concerns over the continued spread of the covid19 and the possibility of lowering corporate performance guidance. These all could lower market investors' expectations for an economic recovery in the future.

What I always doubt is whether these reasons have never existed before, but I think they have always existed. However, I guess that this reason was brought about because the big market mover wanted it to fall. Is the proposition of "October is the month to buy" is correct only in the beginning of October and not in the second half? What will happen to Trump's "highest stock price ever on election day" promise?

My probable scenario is that bitcoin reaches $14,000 before the US presidential election, and after the presidential election, all assets including stocks are declining due to a confusing political situation. For that to happen, the Nasdaq rises again for any reason, and Bitcoin and Ethereum is accompanied by a large buying volume, rising to $14000 and $500 respectively. After that, you can decide buy or sell by looking at the situation after the presidential election.

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